Home / Insurance

Insurance

SSNIT pays more than GH¢3.3b last year

The Social Security and National Insurance Trust (SSNIT) last year paid GH¢3.3 billion as benefits to more than 250,000 of its members and their survivors. This was made up of more than GH¢2.9 billion to some 227,000 old age pensioners, GH¢16.3 million to some 1400 invalid pensioners, GH¢10 million to …

Read More »

CLOGSAG calls for return of transferred pension funds

The Civil and Local Government Staff Association, Ghana (CLOGSAG) has called for the Public Services Workers and Employee’s Pension Scheme (PSWEPS) to be scrapped and pensions funds transferred into the scheme reverted. The Association said pension funds of workers were illegitimately transferred to the scheme without their knowledge and consent, …

Read More »

Insurance companies rescue Nyankumasi Ahenkro Rural Bank

The intervention of two Insurance Companies, following an armed robbery attack in 2019, saved the Nyankumasi Ahenkro Rural Bank from collapse. The Companies, Star Assurance and Enterprise Insurance, insurers of the bank, cushioned it with an amount of GH¢155,244.17, in addition to GH¢10,730.38 donated by Enterprise Insurance, which enabled the …

Read More »

State to refile witness statements in SSNIT OBS Project scandal

The Director of Public Prosecution, Mrs Yvonne Atakorah Obuobisa, has prayed an Accra High Court for some days to refile witness statements in the SSNIT $66 million Operational Business Suit (OBS) project case. She said: “In view of the fact that we have filed new charge sheet, we pray the …

Read More »

NHIA pays more than GH¢290m claims in 2021

The National Health Insurance Authority (NHIA) says it has paid a grand total of GH¢290,890,982.00 to its service providers in 2021 alone between January 1 to April 27, with public healthcare facilities receiving the most. The public healthcare facilities received GH¢148, 888,834.25 representing 51.18 per cent, while private facilities had …

Read More »

Pension issues must be handled by Labour Ministry, not Finance – CLOGSAG

The Civil and Local Government Staff Association, Ghana (CLOGSAG), says the Ministry of Employment and Labour Relations is the legitimate body to handle pension issues and not the Ministry of Finance. The Association said it had realised that the Finance Ministry was “illegitimately” handling pension-related issues instead of the Labour …

Read More »

State files fresh charges against Ernest Thompson, four others

The State has filed fresh charges against Ernest Thompson, former Director-General of the Social Security and National Insurance Trust (SSNIT) and four others, when they appeared before an Accra High Court on Thursday. The fresh charges filed on April 20 this year, are in compliance with the Supreme Court’s ruling. …

Read More »

Insurance industry pays GH¢196m corporate tax in 2019  

The Insurance industry paid GH¢196 million corporate tax to the government in 2019, Madam Justina Owusu-Banahene, the Bono Regional Minister announced on Wednesday. The industry provides direct employment and livelihood to more than 12,000 people, she said in a speech read on her behalf at the official opening of the …

Read More »

All is set for NPRA College— CEO

Mr Hayford Attah Krufi, Chief Executive Officer, National Pensions Regulatory Authority (NPRA), says, the Authority’s Pensions College will commence programmes in April, 2021 to address the knowledge gap in the industry. Speaking at a press engagement on Tuesday, he said the Regulatory body’s aim was to fully equip the industry …

Read More »